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You have found three investment choices for a one-year deposit: 10.8% APR compounded monthly, 10.8% APR compounded annually, and 9.9% APR compounded daily. Compute the
You have found three investment choices for a one-year deposit: 10.8% APR compounded monthly, 10.8\% APR compounded annually, and 9.9\% APR compounded daily. Compute the EAF for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is ___\%. (Round to two decimal places.) The EAR for the second investment choice is___\%. (Round to two decimal places.) The EAR for the third investment choice is %. (Round to two decimal places.)
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